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Press Release Source: Diamant Art Corp.
Diamant Art Corporation Signs Letter of Intent for U.S. Military Distribution
Monday March 7, 1:43 pm ET .D
TORONTO, March 7, 2005 (PRIMEZONE) -- Diamant Art Corporation (OTC BBIAAF.OB - News) is pleased to announce that it has, through its wholly owned subsidiary Diamant Film Inc., signed a Letter of Intent for an exclusive distribution agreement with Presidential Holdings, Inc. based out of Coral Springs, Florida. The Letter of Intent is for the exclusive distribution rights of Diamant(tm) film to the United States military market throughout the U.S. and wherever their bases and facilities might be worldwide.
Diamant Film Inc. (www.diamantfilm.com) CEO Stefan Gudmundsson states, ''I am very pleased to be working with a company that I believe has the former military and marketing personnel that can introduce our Diamant film to a unique and very lucrative market as the U.S. military at which point we believe our product will speak for itself. Due to the expressed interest of Presidential Holdings in our Diamant film, we anticipate signing a definitive agreement in the near future.''
Presidential Holdings (www.presidentialholdings.com) is comprised of a number of professional military and private sector consultants that have the ability and experience to guide companies in obtaining governmental cooperative research and development agreements with the military. To date, they have been successful with a number of companies in achieving their goals.